Square Cash

If you use Square Cash and want your funds to be directly deposited in your bank account, instead of staying in your Square Cash account, you can enable the automatic cash out feature and send all your monies directly to your bank, instead of holding it in your Cash account.

Square Cash is a peer-to-peer payment service that is hugely popular and holds its own against such competitors as Venmo and PayPal. When it first launched, funds were instantly deposited into a person's bank account (for most people), which was awesome. However, Square updated its service to keep funds in your Cash account until you manually transfer them into your bank using the "Cash Out" button.

The Cash app currently gives us two options; Cash out immediately, which costs a one-percent fee, or cash out in one to three business days, which is free but takes longer.

If you don't regularly use Square Cash, you might forget that you have money, hundreds of dollars even, that you need to transfer. When you finally do remember, it might be at a time when you really need the money, but don't necessarily want to pay the instant transfer fee.

Buried in the settings section of the Square Cash app is the ability to set up automatic cash outs, so all of your peer-to-peer transactions will be deposited to your bank account, instead of remaining in the app. You can set up instant transfers, which still costs a one-percent fee, or 1-3 day deposits.

It's not the sweet magic that Square Cash started out with, but it's better than forgetting that your roommate's rent is sitting in the wrong account. Here's how to enable automatic cash-out.

Get Square Cash in the App Store

How to enable automatic cash out of Square Cash from the app

If you use the Square Cash app, which is the easiest way to send and receive money, you can find the automatic cash out feature in the settings section.

  1. Launch the Square Cash app on your iPhone.
  2. Tap your Profile in the upper left corner.

    Launch Square Cash app, select your profile

  3. Scroll down and toggle Auto Cash Out on.
  4. Select whether to have money deposited instantly (for a 1% fee) or 1-3 Days (free).

    Turn on auto cash out, then select 1-3 days (free) or instant (fee)

If you change your mind, you can disable automatic transfers by following the same steps and toggling the switch off.

How to enable automatic cash out of Square Cash from the web

  1. Navigate to Cash.me from a web browser.
  2. Select Account in the upper right corner.
  3. Log in with your Square Cash account info.
  4. Select Settings from the menu on the left.

    Select Account, then select Settings

  5. Scroll down and toggle Auto Cash Out on.
  6. Select whether to have money deposited instantly (for a 1% fee) or 1-3 Days (free).

    Turn on auto cash out, then select 1-3 days (free) or instant (fee)

If you change your mind, you can disable automatic transfers by following the same steps and toggling the switch off.

Any questions?

Do you have any questions about enabling automatic cash outs in the Square Cash app? Put them in the comments and we'll help you out.

Get More iPhone

Apple iPhone

This post may contain affiliate links. See our disclosure policy for more details.

Latest And Best Prime Day Deals

The Ring Alarm security system is reaching new low prices for Prime Day
Ring Alarm home security systems

Various configurations of the Ring Alarm are discounted to their best prices yet exclusively for Prime members at Amazon through Tuesday night to help keep your home secure.

The Sonos Beam Prime Day deal includes a $40 discount and 2 $50 Amazon gift cards
The Sonos Beam Prime Day deal includes a $40 discount and $100 in Amazon gift cards
$359.00 $499.00 Save $140

That's just so much savings in one deal. You'll have to wait for the physical gift cards, but that's basically $100 to spend however you want.

Prime Day dropped this PlayStation 4 console bundle to just $250
PlayStation 4 Slim 1TB console with Marvel's Spider-Man and Horizon Zero Dawn
$249.99 $359.98 Save $110

This deal on the PlayStation 4 Slim console saves you $50 off its regular price while also including Marvel's Spider-Man and Horizon Zero Dawn Complete Edition for free. You'll just need an Amazon Prime membership to snag it.

The newest device in the Echo family, the Show 5, is now down to just $50
Echo Show 5
$49.99 $89.99 Save $40

It's only been on the market since May, but it hasn't escaped the Prime Day price cuts.

Amp up your home security with these huge Prime Day discount on nearly all Ring products
Save on Ring products today only

Whether you need a video doorbell, whole home alarm system, or some lights to brighten a dark area, Amazon has it all marked down today!

These huge price drops on the entire Galaxy S10 lineup might be one of the best Prime Day phone deals we'll see
Samsung Galaxy S10 128GB unlocked Prism Black Android smartphone
$599.99 $900.00 Save $300

We love the Galaxy S10, and we love deals. This combines two of our true loves in one!

Scour Amazon Warehouse's deals to save an extra 20% on tech and more through Prime Day
Extra 20% off Amazon Warehouse

Amazon Warehouse sells a myriad of items in varying conditions, from refurbished to open-box, used, warehouse-damaged, and more. It's a great place to snag a deal, and now Prime members can save an extra 20% off select items at checkout.

There's never been a better deal on the Ring Video Doorbell 2 than this pre-Prime Day offer
Ring Video Doorbell 2 (Certified Refurbished)
$89.99 $169.99 Save $80

Amazon is taking $80 off the certified refurbished Ring Video Doorbell 2, which lets you see and speak with visitors at your front door no matter where you are in the world.

More Prime Day Deals